EURGBP traders may need to get ready for some action as there will be a UK election on December 12,...
GBPUSD
In this section, you will find important GBPUSD news, actionable trading ideas, and a live GBPUSD chart to help you understand the markets better.
GBPUSD is also known as Cable amongst Forex traders is the ticker symbol in FX markets that represents how many US dollars you can buy with one British Pound. The price of the pair is affected by changes in both economies and could be affected by changes in monetary policy from the Bank of England and or the US central bank, the Federal Reserve (FED).
Related currencies: GBPCAD – GBPCHF – GBPINR – GBPJPY – GBPUSD.
GBPUSD is one of the major currency pairs and offers high liquidity in the markets and low spreads. Since the 2016 Brexit referendum, the pair has entered a high volatility era as investors try to evaluate what the price of GBP will be after the official divorce from the EU.
Live GBPUSD Chart
According to data released by the US-based Conference Board (CB), the Consumer Confidence Index for the month of October fell to 125.9. This was a drop from the September figure of 126.3 (revised upwards from 125.1), and was lower than the market expectation of 128.2.
In the CB press release as reported by Reuters, the Consumer Expectations Index component came in at 94.9 in October as against the revised September figure of 96.8 (previous 95.8). Consumers also generally believed it was harder to secure work in October (11.8 in Jobs Hard-to-get Index) than in the previous month (11.0).
The worse-than-expected consumer confidence could be a booster for the British Pound in its pairing with the US Dollar, as we have a situation where diverging economic indicators are at work.
In the last hour, the British Pound (GBPUSD) leaped higher by 67 pips as the Labour party changed their position...
GBPUSD closed 0.26% higher yesterday despite the fact that British MPs rejected PM Johnson’s bill to hold elections on December...
GBPUSD has started the week by pushing slightly higher in the anticipation of the outcome of today’s meeting in Brussels,...
GBPUSD continues south for the second day after PM Boris Johnson is expected to propose general election by December 12th...
The British Pound (GBPUSD) is under pressure as the Dollar is gaining against most of its peers. On the news...
GBPUSD closed 0.34% higher yesterday after reports emerged that EU is willing to offer a three-month Brexit extension to UK....
GBPUSD has moved below the 1.29 handle last night after the House of Commons voted against a proposal to examine...
Traders will focus for one more day on Brexit as the UK Parliament voted the Brexit plan but rejected the...